Howard A. Fischer was quoted in a January 19, 2023 article discussing how Bahamas’ Finance Reputation was one of FTX's biggest victims.

Under the Bahamas’ rules, “customers had no way of knowing” whether exchanges and crypto firms were healthy, or what the state of their total assets and liabilities were, says Mr. Fischer. “Being regulated means undergoing examinations for financial health by regulators, which would potentially limit the ability of less stable operators to take and lose customer assets.”